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JULY 15, 2007

COVER STORY


	BPO's Young & Troubled An alarming number of young BPO workers are sinking into a world of crime, drugs, and promiscuity. It's an unprecedented workplace phenomenon that's testing their employers. BT SPECIAL Telecom's Next 300 Million The number of cellular subscribers will have to treble in three years if India is to hit the target of 500 million by 2010. Read More The Telecom Paradox Until value-added services become more popular, mobile phone operators will have to bank on cost cuts to grow profitably. Read More How Long For 3G? With revenue from voice falling, operators need more value-added services such as streaming video and mobile commerce to keep surging. Read More Waiting To Dial In There are several global players keen to enter India. Their entry will make the market even more competitive. Consumers, rejoice. Read More

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	FEATURES


	The New Face Of Lobbying The traditional suitcase-style lobbyist is alive and kicking, but the deregulated economy has spawned a new variety that believes in using 'case law-style' advocacy to effect policy changes. more...		In The Name Of The Father Maverick entrepreneur Subhash Chandra has tossed his son, Punit Goenka, into the deepest end of the Zee broadcasting empire. The 33-year-old is beginning to deliver, in his own way. more...



	Ambani vs Ambani: The Fight for Gas The squabbling siblings are facing off once again. Does Mukesh legally have a right over the gas he is pumping out? more...		India Inc.'s Baby Boomers M&M, HDFC, Aditya Birla Nuvo and others all have subsidiaries and associate companies that promise to outshine them in the near future. more...




	60 Minutes Ben Verwaayen, Chief Executive, BT Group, speaks to BT about the evolution of the global telecommunications market and India's role in it. more...		REPORTER'S DIARY Operation Singur Work on Tata Motors' Rs 1-lakh car plant is progressing fast at Singur. And contrary to popular perception, the agitation against it is slowly petering out. Ritwik Mukherjee reports from the spot. more...






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Small Is Lucrative Small and medium enterprises are bullish, according to a nine-country survey by HSBC in the Asia-Pacific region. According to the latest figures available with the Reserve Bank of India, the total outstanding credit of banks to SMEs in March 2006 was more than Rs 90,000 crore. SME sector provides employment to a large number of people in the country and is the largest employer after agriculture. The report looks at the road ahead for SMEs in India.

Currency Future The steady rise of the rupee against the dollar is affecting several businesses in the country. Allowing derivatives trading in rupees could partially help set off the losses incurred. The government should take a cue from the recently launched futures trade in rupees on the Dubai Gold and Commodities Exchange. However, sceptics are of the view that it could lead to further volatility of the exchange rate of the rupee against the dollar.

Buoyant Times Fuelled by robust performances by the manufacturing and services sectors, India's GDP grew 9.4 per cent in 2006-07, the fastest in the last 18 years. Significantly, the country's investments, most of which is taking place in infrastructure and capacity creation, are projected at 35.2 per cent of GDP. This will ensure that the current growth trajectory will probably be sustained in the short run in spite of an ongoing credit squeeze. An analysis.

No Headway The three-day G8 summit, held in Germany recently, did not meet with much success. Though the leaders agreed to bring down emission of greenhouse gases, no deadlines were set. The G8 leaders agreed to allocate $60 billion (Rs 2,46,000 crore) "over the coming years" to finance the fight against AIDS, tuberculosis and malaria, and a further $500 million (Rs 2,050 crore) for the "Education for All" programme in Africa.





	MONEY		JOBS TODAY


	Buy Or Wait? Property prices have eased in some pockets and chances are it could dip further. Should you buy your house now? more...		Bond-ed Labour IT companies are offering job contracts that bar employees from joining rivals, vendors or partners. Here's how you can steer clear of the tangle. more...

	BOOKEND		BACK OF THE BOOK


	An Ode To Consensus Can democracy really reduce discord? Arun Maira's new book suggests a roadmap for reducing conflict. more...		Celestial Lucre It's economics for most. For others, the future of commodities is written in the stars. more...
	PEOPLE		COLUMNS


	People Starring TCL's Chandramani Singh; master distiller Peter J. Warren; N. Venkat, CEO, Emami; Harman International Industries' Dinesh Paliwal; ABB's Ravi Uppal; and Pangal Jayendra Nayak, CMD, UTI Bank. more...		Leadership Spotlight Vijay Mallya Chairman, UB Group


	TRENDS		CURRENT


	Too Hot to Handle The government and industry aren't doing enough to tackle climate change. more... Instan Tip The fortnight's burning question. more... Q&A: Fair Isaac more... Forex Reserves: A Problem of Plenty Foreign exchange reserves with the Reserve Bank of India (RBI) have swelled to over $200 billion (Rs 8.2 lakh crore). This is leading to a higher supply of money and is stoking inflation. more... Southern Comfort South of the Vindhyas is turning out to be the dream destination for every consumer durables company in the country. more... Top of Mind more... Economy Watch more... Policy Watch A bird's eye view of what's hot and what's not on the government's policy radar. more... P-Watch Column The why, what and how-to of policy making.. more... Newsmaker This fortnight's hero is Tamil superstar Rajinikanth, who's the highest paid actor in the country, well ahead of his peers in Bollywood. more... Numbers of Note more... NOTED more... Mumbai, Delhi Cost The Most more... Attrition The Bane of India Inc. more...		Steaming On Ignore the doomsayers, the Indian economy is on song. more... From Finance to Capital The Tatas are revisiting financial services. more... Crumbling Cookies China and India are two problem areas for Danone globally. more... STAR Finds Its Voice Its flagship looks beyond Tulsi and the saas-bahu formula. more... Dash For Cash Asia is at the centre of a public issue boom. more... Magic Bus Tata Motors launches two transport vehicles for rural markets. more... In the Grey Zone SEBI ticks off brokers for high-jinks in the F&O segment. more... Radio's Mirchi FM stations are divided on how to measure radio listenership. more... Gung Ho on the Ghetto Dharavi's revamp attracts more mega-corps. more... Policy Matters Cardiff's set in India, but China could steal the show. more... Enabling Drug Research Daicel spots a niche in Indian drug discovery and development. more... Soul Searcher Bata India is on the mend, but has it left it too late? more... Welcome to Health City The Apollo Group has a big plan to provide holistic solutions. more... To Tax or to Please? CBDT's clarification on taxing shares held is still ambiguous. more... Shorts Story SEBI is poised to bring back short sales in the cash market. more... Open It Up Is a software patent an oxymoron? more...


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